Gillette India Ltd. share price target

Key commodity prices for the company continue to remain elevated and it does not expect commodity costs to recede at least in the near term, thus impacting margins.

Being the leading company, Gillette has always been bringing in a unique and innovative set of products for its consumers. Its products constitute an entire range for Men's grooming including the razors, skin guard, replacement razors, pre & post shave products including shaving creams, gels & foams, skin care etc. And eventually, in the female's category Gillette Venus in the premium segment is gaining traction. Thereby, we believe the unique launches embarks good future ahead for the company. If we Take fundamental triggers into consideration, company has a good balance sheet with sound financial ratios....

Revenue rose by 10.8% to Rs. 451.54 Cr in Q3JY18 when compared to the previous quarter. Gillette India Ltd Q3JY18 results Comment

Margins Enhanced on the Back of Improved Productivity and Operational Efficiencies: During the quarter, Gillette has reported total income from operations atRs.4193 Mn, posting YoY growth of 7.6% when compared to Rs.3897 Mn inQ2FY16. The companys EBITDA margin enhanced by 658 bps on YoY basis to reach 19.2% backed by cost efficiencies and improved productivity during thequarter compared with 12.6% during Q2FY16.

Gillette has tied up with leading online player Snapdeal to launch its online store on the platform, to make deeper penetration into Indian markets and reach larger customer base. The company exclusively launches certain range of groomingsolutions, including premium body razors, exclusively on the online store on Snapdeal. Shift towards e-commerce players should see good traction in sales of the company going forward on the back of ease of shopping and availability of the products.